The legal representation for publishers have been standing up in recent months in regards to Diamond’s Chapter 11 process. Yesterday, the Ad Hoc Committee filed an objection concerning Diamond’s motion for entry of an order to approve it agreement regarding its Memphis warehouse. Now, the Consignment Group has followed up with a limited objection of their own.

The Consignment Group represents multiple publishers: Aspen, Black Mask Studios, Dark Horse Comics, DSTLRY Dynamic Forces aka Dynamite Entertainment, Heavy Metal International, Magnetic Press, Massive Publishing, Oni-Lion Forge Publishing Group, Panini UK, Punk Bot Comic Books, LLC aka Alien Books, The Penn State University aka Graphic Mundi, Titan Publishing Group, and Vault Storyworks aka Vault Comics.

Their limited objection echoes the Ad Hoc Committee’s citing concerns over Diamond’s solvency.

The motion shows shrinking equity in Diamond’s monthly operating reports, something we’ve been regularly reporting on.

Again, like the Ad Hoc Committee, the Consignment Group feels that the payment shouldn’t be made until protections have been put in place to “ensure a ratable distribution among all similarly situated administrative claimants in the event of administrative insolvency.”